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Company Registration No. 10299010 (England and Wales)
G Family Ltd Unaudited accounts for the year ended 30 June 2023
G Family Ltd Unaudited accounts Contents
Page
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G Family Ltd Company Information for the year ended 30 June 2023
Director
Mr Florin Ghiultu
Company Number
10299010 (England and Wales)
Registered Office
91 GADBY ROAD SITTINGBOURNE ME10 1PY ENGLAND
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G Family Ltd Accountants' report
Accountants' report to the director of G Family Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 June 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
29 January 0224
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G Family Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
275,417 
146,061 
Current assets
Inventories
39,836 
27,650 
Debtors
32,797 
20,455 
Cash at bank and in hand
44,453 
26,701 
117,086 
74,806 
Creditors: amounts falling due within one year
(168,855)
(79,137)
Net current liabilities
(51,769)
(4,331)
Total assets less current liabilities
223,648 
141,730 
Creditors: amounts falling due after more than one year
(41,386)
(79,169)
Net assets
182,262 
62,561 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
182,162 
62,461 
Shareholders' funds
182,262 
62,561 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2024 and were signed on its behalf by
Mr Florin Ghiultu Director Company Registration No. 10299010
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G Family Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
G Family Ltd is a private company, limited by shares, registered in England and Wales, registration number 10299010. The registered office is 91 GADBY ROAD, SITTINGBOURNE, ME10 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
194,748 
- 
- 
194,748 
Additions
157,000 
62,991 
1,098 
221,089 
At 30 June 2023
351,748 
62,991 
1,098 
415,837 
Depreciation
At 1 July 2022
48,687 
- 
- 
48,687 
Charge for the year
75,765 
15,748 
220 
91,733 
At 30 June 2023
124,452 
15,748 
220 
140,420 
Net book value
At 30 June 2023
227,296 
47,243 
878 
275,417 
At 30 June 2022
146,061 
- 
- 
146,061 
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G Family Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
32,797 
20,455 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,778 
2,778 
VAT
17,585 
5,260 
Obligations under finance leases and hire purchase contracts
132,227 
71,099 
Taxes and social security
16,265 
- 
168,855 
79,137 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,386 
6,942 
Obligations under finance leases and hire purchase contracts
40,000 
72,227 
41,386 
79,169 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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